Malaysia's medical devices are mainly imported, especially the more technologically advanced items. The market is expected to increase by a strong 2013-2018 CAGR of 13.5%, reaching US$2.7bn, or US $84 per capita, by 2018.
Imports breached the billion dollar mark for the first time in 2012, reaching a total US$1,113.6mn, a rise of 18.9% over the previous year's total of US$936.6mn. In the five years between 2007 and 2012, imports rose at a CAGR of 14.3%. Imports are expected to continue growing at a strong rate, in line with rising health expenditure growth, and the country's heavy reliance on imports to meet its healthcare needs.
Malaysia's major natural resource is rubber and the country's medical device exports are dominated by latex products such as surgical gloves. The share of this sub-category has slowly started to diminish with the steady growth of diagnostic imaging exports in recent years, particularly electrocardiographs and other electrodiagnostic apparatus.
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